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As a breather for the Narendra Modi lead central government, Kingfisher and united breweries owner, liquor baron, and business tycoon Vijay Mallya, who had fled from India and is currently in London, has expressed last month that he's willing to return to India.

New Delhi sources reported that fugitive liquor baron Vijay Mallya said he has become the "Poster Boy" of bank default and a lightning rod of public anger, and there's nothing he could do "if politically motivated extraneous factors interfere" with his efforts to settle the dues. Meanwhile when speaking after "two years of silence" over the controversy surrounding him in the over Rs 9,000 crore Kingfisher Airlines loan default case, Mallya denied that he was a willful defaulter.

AP education Minister Ganta Srinivasa Rao's assets were recovered by the Indian bank as he could not repay the huge loans that he aviled from the bank. With this the Bank has listed Mr.Rao as defaulter and issued notices and paper statements that the property of Rao would be seized and recovered

Mallya has resigned as a Rajya Sabha MP on Monday a week after the Rajya Sabha’s ethics committee has planned to unanimously expel him from Parliament and a day before the committee was to meet to seal his fate with a final approval.

Mallya continues to be defiant. In an exclusive chat with TIMES NOW, Mallya said he is looking to settle with his bankers, although he refused to give a timeline. On his recent acquisition of the Barbados cricket club he says the media has no business to get into his personal life. The development comes at a time when top honchos like Deepak Parekh say only a deep surgery by the RBI can cure the NPA mess.